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1--Lourdes Services, Inc. (LSI) pays $1350000 to acquire 35% of the voting stock of Shelton Investments on March 5, 2024. Describe the effect of this

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1--Lourdes Services, Inc. (LSI) pays $1350000 to acquire 35% of the voting stock of Shelton Investments on March 5, 2024. Describe the effect of this transaction on the LSI's accounting equation. 2--Maya Financial Services, Inc. invested $21000 to acquire 4000 shares of Michaela Investments, Inc. on March 25. This investment represents less than 20% of the Michaela's voting stock. On May 15, Maya sells 2500 shares for $12250. Describe the effect of the May 15 transaction on Maya's accounting equation. When discussing the accounting equation please speak in terms of the effect on each element. Assets = Liabilities + Equity. For each element, please speak as to the increase, decrease or no effect. Looking forward to reading your posts

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